Social security benefits

Forum|Forum|5 years ago
April 28, 2021
1 reply
13 views

Are social security payments from CANADA entered on line 6a social security benefits or on line 8 Other income ?

Thank you for your answer

ProSeries Basic

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Best answer by TaxGuyBill

The foreign tax credit doesn't just automatically give you a full credit. It prorates things based on foreign income versus US income. Fill out Form 1116 and it should do the proper calculations.

T

TaxGuyBill

Level 15

Canada and Germany are treated just like US Social Security.

https://www.irs.gov/publications/p915#en_US_2020_publink100097884

C

ChiHoangAuthor

Level 6

Thank you very much for your answer.

I have another question. My clients had pension from Canadian companies and paid tax on it. Do they have FULL foreign tax credit or PARTIAL of tax paid ?

Thanks again for your answer

T

TaxGuyBillAnswer

Level 15

The foreign tax credit doesn't just automatically give you a full credit. It prorates things based on foreign income versus US income. Fill out Form 1116 and it should do the proper calculations.

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